Pros Holdings (PRO) Misses Q4 EPS by 2c, Revenues Beat; Offers Q1 & FY20 Revenue Guidance Below Consensus, Q1 EPS Views Below Consensus

Pros Holdings (NYSE: PRO) reported Q4 EPS of ($0.11), $0.02 worse than the analyst estimate of ($0.09). Revenue for the quarter came in at $66.2 million versus the consensus estimate of $64.22 million.

“We are excited by the continued strong momentum in our business as we have achieved a 48% subscription revenue CAGR over the past four years,” stated CEO Andres Reiner. “We enter this decade excited about our market opportunity and committed to our mission of helping people and companies outperform as we power sales in the digital era.”

CFO Stefan Schulz said, “In 2019 we accelerated our total revenue growth rate to 27% while improving our non-GAAP recurring gross margins to 76%. Our AI innovations are more efficiently helping customers drive their digital selling transformations. We have strong momentum coming into 2020 and remain on track to achieve our long-term growth objective.”

GUIDANCE:

Pros Holdings sees Q1 2020 EPS of ($0.23)-($0.22), versus the consensus of ($0.09). Pros Holdings sees Q1 2020 revenue of $65.5-66 million, versus the consensus of $66.24 million.

Pros Holdings sees FY2020 revenue of $288.5-290.5 million, versus the consensus of $292.22 million.

For earnings history and earnings-related data on Pros Holdings (PRO) click here.

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